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Nio’s stock jumps on heavy volume after deliveries data beats expectations

Shares of Nio Inc. soared in very active trading Wednesday, putting them on track to match their record win streak, after the China-based electric car maker reported second-quarter deliveries that were well above expectations.

The company said ahead of the open that it delivered 1,340 vehicles in June, to lift the second-quarter total to 3,553 vehicles.

Last month, when Nio reported May deliveries of 1,089 vehicles, down from 1,124 deliveries in April, Chief Executive William Li had said he expected second-quarter deliveries to be “near the top of, or to exceed” the previous guidance range of 2,800 to 3,200 deliveries.

Don’t miss: Nio’s stock keeps rising to its best-ever 6-day run.

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